Are the BRICS building a new global financial system?

Ffinance ministers bricks the nations of Brazil, Russia, India, China and South Africa held a meeting to discuss creating an alternative to the fast banking system on April 8. discussion included the creation of a reserve for reserve currencies other than the US dollar, and how to transition to this new system. This is a direct reaction to Western sanctions against Russia following the invasion of Ukraine.

“Russia, hit by Western sanctions, called on the bricks group of emerging economies to expand the use of national currencies and integrate payment systems, the finance ministry said on Saturday,” Reuters reported. “This pushes us to the need to speed up work in the following areas: the use of national currencies for import-export operations, the integration of payment systems and cards, our own financial messaging system and the creation of an independent system bricks rating agency.”

the Trumpet warned that Western sanctions are pushing Asian nations to break away from the American-dominated global financial system. This bricks meeting marks a major practical step towards the creation of a new financial system. This would involve integrating payment systems between bricks nations, like Russia spf or that of China cbeeps. Russia already sells oil in rubles, not US dollars.

The invasion of Ukraine and subsequent sanctions against Russia united the three largest Asian nations against America and the West. “Western nations see the war as a clear example of Putin’s murderous despotism,” wrote Trumpet editor Gerald Flurry in “Asia Still Stands With Putin”. “But what about the East? Two of the largest, most populous and most powerful nations in the world support Putin! This is an amazing fulfillment of Bible prophecy! the Trumpet expected China and India to ally with Russia. We and the All the truth before us have been anticipating it for more than 60 years. As I explain in The prophesied ‘Prince of Russia’, Ezekiel 38:2 foretold the Russian power which we now see rising, led by a rō’š nāśî’ (or ‘Prince of Russia’).

The prophesied kings of the East are led by the “Prince of Russia”, Vladimir Putin. Their unification has been accelerated by the ferocity of sanctions and the militarization of the economic system led by the United States. It is prophesied that these kings of the East will be involved in an economic system that will exclude the United States, Britain and the Commonwealth, as well as the Jewish nation of the Middle East. Isaiah 23 calls this system the “market of nations.” It seems that the kings of the east use the bricks economic infrastructure to start doing the “market of nations”. A new global financial system is being created before our eyes.

This prophesied “market of nations” will actually play a key role in the start of the Great Tribulation. “Bible prophecy describes a period of ‘great tribulation’ – a period of end-time suffering on a scale never before seen in human history (Matthew 24:21; Daniel 12:1),” Mr. Flurry wrote. in the article “China is Leading the World to War.” Many other scriptures show that the most devastated nations will be America, Britain and the Jewish state of Israel. In the past we thought that this Tribulation would begin when these three nations were attacked militarily. Ezekiel 4, however, describes the Tribulation as beginning with a economic seat against these nations. This new system designed to evade US sanctions will ultimately be used to destroy America.

We don’t know how long it will take for this “market of nations” to fully emerge, but the moment this Asian economic system becomes a threat to the US economy is when Europe joins this new financial system. America can influence foreign nations due to its status as a reserve currency. Even though bricks created an alternative system, the US dollar would still enjoy some stability since Europe uses the dollar for its energy purchases and trade with most nations. If Europe joined bricks and abandoned the dollar for its energy transactions, America would suddenly be on the outside.

Isaiah 23 lists a European conglomerate, called Tire in prophecy, as a key part of this “market of nations.” Mr. Flurry warned of this exact scenario in 2016:

A leading German banker, Folker Hellmeyer, chief economist at Bremer Landesbank, predicts that the Moscow-Beijing economic axis will trump the United States. He also warns that the economic damage for Germany and the European Union will be significant if they continue to follow the American policy of opposition to the bricks Covenant…. Germany has already joined the China-led Asian Infrastructure Investment Bank. Financial analysts like Jim Willie warn that Germany may already be considering ditching the dollar and joining the bricks nations!

The relationship we see developing between the “king of the north” and the “kings of the east” is exactly what Isaiah prophesied over 2,700 years ago!

Think about the role this alliance will likely play in America’s economic seat. …

The United States and Britain will be left behind as two gigantic trading blocs, Europe and Asia, intertwine and begin to take the reins of world trade. These nations of Israel are literally going to be besiegedeconomically excluded from world trade!

Another important layer for these prophecies to come to pass is that a financial crisis emanating from America is what triggers sudden change in Europe. The 2008 financial crisis pushed Europe into an imperial power, but with soaring inflation and supply chain issues, the United States could be heading for an even worse financial crisis. Our booklet He was right describes how the late Herbert W. Armstrong predicted that an American financial crisis would trigger the unification of Europe. It is said:

Mr. Armstrong warned that a massive financial crisis centered on America would reverberate throughout the world– and would trigger the rise of the seventh and final resurrection of the Holy Roman Empire. …

Over the next 20 years, Mr. Armstrong’s predictions became even more accurate. In 1984 he wrote that a massive banking crisis in america “could suddenly cause European nations to unite as a new world power bigger than the Soviet Union or the United States This, in turn, could suddenly bring about the Great Tribulation. And that will quickly lead to the second coming of Christ and the end of this world as we know it” (letter to a colleague, July 22, 1984).

If the United States, which underpins the entire financial system, were to experience an economic collapse, it would resurrect the latest iteration of the Holy Roman Empire in Europe, which joins the “market of nations” and aids the “kings of the East”. extend an economic siege to the United States, Britain and Israel, triggering the Great Tribulation. The massive debt held by China and Japan can be used to crash the US dollar.

bricks creating an alternative banking payment system and seeking to use currencies other than the US dollar are the first steps in this new global financial system coming to life. It was the policies of the radical leftist government that accelerated the fulfillment of these prophecies. As the US economy sinks into a self-inflicted crisis and Asia unites, ensure that Europe not only becomes a superpower, but betrays America and unites with the kings of ballast. Keep reading the Trumpet for updates on this prophetic trend.

To learn more about these important prophecies, please read our articles “Asia Still Stands With Putin” and “China Leads the World to War”.

Source link

Don F. Davis